Latest News- Industrial Lead-Acid Battery Market: Stationary is expected to lead the Application segment during 2025-2029

The Industrial Lead-Acid Battery Market is being driven by Rising focus on green telecom towers

The Industrial Lead-Acid Battery Market is expected to grow at a CAGR of 7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8415.5 million. In the current electricity grid landscape, numerous challenges persist, including outdated infrastructure, the shifting power generation mix brought about by the proliferation of renewable energy sources, and widening disparities between power demand and supply. These issues pose significant risks to grid stability and efficiency. Extending the reach of traditional electricity grids to remote and rural areas entails substantial capital expenditures. To mitigate these challenges and improve grid performance, microgrids have emerged as a viable alternative. These small-scale power generation systems, which incorporate energy storage components, can operate in both grid-connected and island modes, offering flexibility and resilience. Microgrids represent a cost-effective solution for addressing the inconsistencies and inefficiencies prevalent in existing grid infrastructure. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Stationary
  • Motive power
• Type
  • FLA batteries
  • VRLA batteries
• Power Rating
  • Up to 500 Ah
  • 500-2000 Ah
  • 2000-5000 Ah
  • Above 5000 Ah
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising focus on green telecom towers
• Change in global energy mix
• High demand for electric forklift applications

However, the market also witnesses some limitations, which are as follows:

• Economics of fuel cell solutions for material handling equipment
• Declining costs of lithium-ion batteries
• Lead-acid batteries pollution and stringent laws

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Market Scope in Industrial Lead-Acid Battery Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Industrial Lead-Acid Battery Market focuses on enhancing battery performance through various strategies. These include maximizing active material utilization, improving cycle life, increasing energy storage capacity, and boosting power delivery performance. Safety standards and environmental impact assessments are crucial considerations. Battery manufacturing processes, material selection criteria, and performance degradation modes are key areas of research. Battery pack design, parallel and series configurations, charge acceptance analysis, and discharge curve analysis are essential for optimal battery functioning. Battery health monitoring, electrolyte conductivity, and electrode surface area are critical factors influencing battery efficiency. Corrosion resistance, battery modeling techniques, recycling methods, lead recovery processes, sustainable practices, improved electrolyte additives, and advanced grid designs are other significant aspects of the market.

Market Research Overview

In the industrial lead-acid battery market, key players focus on innovations in battery plate design and electrolyte formulation to enhance battery performance and efficiency. Grid corrosion prevention is another critical area of investment to ensure the reliability and longevity of renewable energy storage systems. The global renewable electricity market, encompassing independent power producers, gas and power marketing specialists, integrated energy merchants, and renewable electricity manufacturers, is projected to expand significantly due to supportive policies and ambitious targets for renewable power deployment. These initiatives have fueled the adoption of renewables, driving market growth in the renewable energy sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/